The Global Light Field Market size is expected to reach $167 Million by 2027, rising at a market growth of 14. 6% CAGR during the forecast period. The light field helps to estimate the magnitude and intensity of light that travels in every direction over each point in space.
New York, Oct. 26, 2021 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the report “Global Light Field Market By Technology, By Vertical, By Regional Outlook, Industry Analysis Report and Forecast, 2021 – 2027” – https://www.reportlinker.com/p06177770/?utm_source=GNW
The light field market is likely to witness bright growth prospects due to the constant technological advancements and massive utilization of 3D imaging technologies. Factors such as the growing demand for imaging devices and emerging 4D & 5D technologies are responsible for the growth & demand for light field technology in the global market.
Factors such as huge demand for 3D high-speed video capture, visual effect technology for entertainment purposes, utilization of sophisticated and latest 4G & 5G technologies, and just-in-time marketing are playing pivotal roles in boosting the growth & demand for light field technology in the market. Moreover, increasing demand for the adoption of prototyping, artificial technologies, and medical imaging with computational abilities would create lucrative growth opportunities for the light field market.
Additionally, the entertainment & media industry can deploy this technology in museums, theaters, apps with the help of virtual reality headsets in order to appeal to end-users. This assists in obtaining real-time content with the help of micro-lens and enables the maximum fidelity of models, lighting, texture, and reflection in the case of computer graphics. The global light field market would witness bright growth prospects due to the constant innovations and massive utilization of 3D imaging.
COVID-19 Impact Analysis
The outbreak of the COVID-19 pandemic had an adverse impact on the growth & demand for light field technologies, thus creating disruption in the overall market. Due to this, the growth of the market witnessed a drastic decline during the first half of 2020. On the other hand, this trend would change in the latter half of the year as the demand is anticipated to fuel because of the increase in demand from the media & entertainment sector.
The value & supply chain of the light field market has significantly been impacted by the outbreak of the COVID-19 pandemic. Some of the major manufacturers of the light field are the US, Japan, and China and these nations were hit hard by the global pandemic. For this reason, the supply chain of the technology …….